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NE area data

Wallace, NE

Wallace, NE.

Population: 461 (Census ACS)

The median home value in Wallace, NE is $207,165 — up 9.4% over the past year. 2 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with hail, winterweather, drought the top-rated hazards. Cost of living is 9.9% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$207,165

Median home value

+9.4%

1-year change

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$207,165
1-year appreciation
+9.4%
3-year appreciation
+9.2%
5-year appreciation
+21.2%
10-year appreciation
+71.5%
All-time peak (2026-08)
$207,165
House Price Index (state)
443.6 (+2.0% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median list price
$133,400
For-sale inventory
4
Active listings
2
1-year forecast
+2.9%

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$835/mo
1BR fair-market rent
$840/mo
2BR fair-market rent
$1,099/mo
3BR fair-market rent
$1,309/mo
4BR fair-market rent
$1,467/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.1 (100 = US avg)
Electricity rate (state-level)
12.3¢/kWh
Natural gas rate (state-level)
$11.40/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
2
Elementary schools
1
Middle schools
0
High schools
1
Avg student-teacher ratio
7.4 : 1
Schools include
WALLACE ELEMENTARY SCHOOL, WALLACE HIGH SCHOOL

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
hail, winterWeather, drought
Notable hazard ratings (county)
hail: Relatively High · drought: Relatively Moderate · tornado: Relatively Low · coldWave: Relatively Low · heatWave: Relatively Low · iceStorm: Relatively Low
Wildfire risk to homes (county)
Higher than 63% of US counties
Buildings in wildfire direct-exposure zone
40.3%
Radon potential (county)
Low radon potential — EPA Zone 3 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
22.3 in
USDA plant hardiness zone
5b (extreme annual low -15 to -10°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Amenities

National parks within ~60 mi
1
Nearest national park
Mormon Pioneer National Historic Trail (59 mi)
Airports within 30 mi
10
Nearest airport
North Platte Regional Airport Lee Bird Field (LBF) (6 mi)
Nearest major airport
North Platte Regional Airport Lee Bird Field (LBF) (6 mi)
Hospitals nearby (~15 mi)
2
Hospitals include
GREAT PLAINS HEALTH, GOTHENBURG HEALTH
Avg hospital rating (CMS)
3.0 / 5
Best hospital rating nearby (CMS)
3.0 / 5
EV charging stations (within 10 mi)
4
Solar radiation rating
Good (4.5 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-97 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,973
Housing built before 1970
47.3%
Housing built 2000 or later
6.8%
Median annual property tax
$2,147
Households with broadband internet
69.3%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
12,425
Average weekly wage
$1,025
Top industries (by employment)
Accommodation & Food, Construction, Agriculture
Annual residential building permits (county)
235

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

WallaceState medianUS median
Median home value$207,165$238,068$288,527
Median annual property tax$2,147$2,000$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Wallace, NE?
$207,165.
What is typical rent in Wallace, NE?
2-bedroom fair-market rent: $1,099/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Wallace, NE?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: hail, winterWeather, drought.
What is the wildfire risk in Wallace, NE?
Risk to homes is higher than 63% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Wallace, NE?
Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Wallace, NE?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Wallace, NE?
2 schools (1 elementary, 1 high) (NCES, 2022-23).
What is the cost of living in Wallace, NE?
Regional Price Parity: 90.1 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

ZIP code for Wallace

Listing a home in Wallace, NE?

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents